In Order to Take Advantage of the Time Value of Money

question 72

Multiple Choice

In order to take advantage of the time value of money you should do all of the following except

• A)pay bills electronically so you can delay payments and still ensure on-time payment.
• B)pay bills a little later than the due dates to take advantage of month-ending interest on your savings account.
• C)use settings on many bill-paying Web sites that allow you to set a future date for payment once you receive a bill.
• D)make use of your money while you have it,but always make payments by the obligation dates.

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Definitions:

Optic Chiasm

is the X-shaped structure located in the brain where the optic nerves partially cross, crucial for visual processing.

Hemisphere

Each of the two halves of the brain, the right hemisphere and the left hemisphere, responsible for different functions and processes.

Nerve Fibers

Long, slender projections of nerve cells that transmit electrical impulses throughout the nervous system.

Eardrum

A thin membrane in the ear that vibrates in response to sound waves, thereby transmitting sound to the inner ear.